Discount retailers benefit from cost of living crunch as shoppers head to Aldi and Lidl March 1, 2022 Grocery price inflation hit a new high of 4.3 per cent last month, with budget supermarkets luring shoppers in as the cost of living intensifies. Fresh data from Kantar reveals the fastest rate of inflation since September 2013, with the exception of the start of the pandemic when households panic bought essentials. Aldi and Lidl [...]
Law firms match investment banks in handing out UK’s highest graduate salaries February 21, 2022 The City of London’s law firms are now the UK’s highest paying graduate employers, according to new figures from High Fliers, which show UK law firms have now matched investment banks in offering graduates average salaries of £50,000 a year. The graduate salaries paid out by Britain’s major law firms are now on par with [...]
Shop price inflation highest in a decade as Brits feel cost of living squeeze February 2, 2022 Retail inflation has soared in the past month, with Brits eyeing discount retailers for cheaper prices as the country faces a cost of living squeeze. Shop price annual inflation surged to 1.5 per cent in January, according to the British Retail Consortium (BRC) and Nielsen IQ shop price index. This was up from 0.8 per [...]
This is not just a settlement: M&S agrees deal with Aldi over caterpillar cake February 1, 2022 Marks & Spencer has settled a long-running copyright dispute with Aldi over its iconic Colin the Caterpillar cake.
Households face extra £180 a year on average grocery bill February 1, 2022 Households are facing an extra £180 to their annual grocery bill after inflation has seen prices surge in recent months. The latest four-week grocery price inflation stands at 3.8 per cent, a 0.3 percentage point rise from December, according to the latest market data from Kantar. Take-home supermarket sales dropped 3.8 per cent over the [...]
‘John Lewis of sleep’: Eve Sleep shares sink 30 per cent despite accelerated lockdown growth January 19, 2022 Mattress retailer eve Sleep has reported lifted group revenue growth on 2019 levels with sleepy shoppers keen to opt for premium products. However the ‘sleeptailer’ saw shares sink 30 per cent on Wednesday after admitting Covid infection rates had “placed additional strain” on deliveries. The group posted two year group revenue growth of 11 per [...]
No need to scan: Aldi’s first check-out free store opens in Greenwich with cameras and tech tracking customers’ moves January 18, 2022 Supermarket chain Aldi has opened its first checkout-free store in London. The Aldi Shop&Go concept store in Greenwich opened at 7am this morning for public testing, having been tested by Aldi colleagues in recent months. The new trial store, which is situated on Greenwich High Street, allows customers to complete their shop without scanning a single product, or having [...]
Not so little: Christmas jumpers power Lidl sales with one sold every two seconds January 11, 2022 A surge in demand for Christmas jumpers helped discount supermarket giant Lidl to post a 2.6% rise in sales over the festive season. The firm said its Christmas jumpers were the fastest-selling item in its so-called Middle of Lidl aisle, with around one sold every two seconds on its first day of sale. The group [...]
Aldi had its best Christmas ever as sales go through the roof January 10, 2022 Aldi has hailed its “best ever” Christmas sales as trading rebounded in December. The discount supermarket chain revealed that sales increased by 0.4 per cent against the same month last year, when sales across grocery stores had been buoyed by lockdown measures across hospitality firms. Aldi claimed figures from research firm Kantar show it was [...]
Investors eye UK supermarkets’ Christmas performance in busy week on London markets January 9, 2022 Investors will be eyeing how the UK’s biggest supermarkets fared over the Christmas trading period in a busy week of corporate announcements on London markets. Traders will be looking for clues in the string of supermarket updates on whether the imposition of plan B measures and soaring Covid-19 cases prompted consumers to divert money that [...]